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Ameris Bancorp (NASDAQ: ABCB) books $82.5M legal hit as margins hold

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ameris Bancorp reported net income of $51.4 million, or $0.77 per diluted share, for the quarter ended June 30, 2026, down from $109.8 million, or $1.60, a year earlier. Results were affected by an $82.5 million litigation expense accrual tied to a California employment jury verdict. Excluding this and other items, adjusted net income was $107.3 million, or $1.60 per diluted share, versus $109.4 million, or $1.59, in the prior-year quarter, with adjusted ROA at 1.53% and adjusted ROTCE at 14.08%.

Net interest income on a tax-equivalent basis rose to $253.4 million, up 3.3% from the prior quarter and 8.9% year over year, as average earning assets grew $544.6 million and net interest margin held at 3.88%. Noninterest income was $73.5 million, helped by a $7.4 million securities gain and offset by softer mortgage banking. Loans increased $349.9 million (6.4% annualized) and total deposits reached $22.59 billion, with noninterest-bearing balances comprising 30.0%. Asset quality remained solid, with an allowance for credit losses on loans of 1.62%, nonperforming assets at 0.47% of assets and net charge-offs at 0.20% annualized. Capital stayed strong, with tangible book value per share of $45.10, a TCE/TA ratio of 11.04%, CET1 of 12.8% and share repurchases of 226,600 shares for $19.0 million.

Positive

  • Adjusted net income of $107.3 million and adjusted EPS of $1.60 in Q2 2026 were broadly stable year over year, with year-to-date adjusted net income up 10% and adjusted EPS up 13% versus 2025.
  • Net interest margin (tax-equivalent) held at 3.88% while loans grew $349.9 million and noninterest-bearing deposits improved to 30.0% of total deposits, supporting earnings quality and funding mix.

Negative

  • GAAP net income fell to $51.4 million (EPS $0.77) in Q2 2026, down 53% from both Q1 2026 and Q2 2025, driven by an $82.5 million litigation expense accrual that sharply increased noninterest expense.

Filing Explained

As of June 30, the $200 million buyback authorization had $65.4 million remaining after $93.8 million of 2026 repurchases.

This Form 8-K reports that the company's share-repurchase program remained open after completed second-quarter purchases, leaving disclosed capacity for further repurchases rather than a commitment to spend the remaining amount.

As of June 30, 2026, the board's $200 million authorization had $65.4 million remaining after $93.8 million of year-to-date repurchases, including $19.0 million during the quarter.

The $200 million figure is the authorized program amount, while $65.4 million is its remaining capacity; neither figure reports an additional completed purchase.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income Q2 2026 $51.4 million Quarter ended June 30, 2026; down from $109.8 million in Q2 2025
Adjusted net income Q2 2026 $107.3 million Excludes $82.5 million litigation accrual and other adjustment items
Litigation expense accrual $82.5 million Litigation accrual related to a California employment jury verdict in Q2 2026
Net interest margin (TE) 3.88% Q2 2026; unchanged from Q1 2026 and up from 3.77% in Q2 2025
Total assets $28.49 billion Balance sheet total assets at June 30, 2026
Noninterest-bearing deposit mix 30.0% Noninterest-bearing deposits as a percentage of total deposits at June 30, 2026
Allowance for credit losses on loans 1.62% Allowance for credit losses on loans as a percentage of loans at June 30, 2026
Tangible book value per share $45.10 Period-end tangible book value per share at June 30, 2026
net interest margin financial
"The Company's net interest margin was stable at 3.88% for the second quarter of 2026"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
tangible book value per share financial
"Tangible book value per share increased $0.92 per share to $45.10 at June 30, 2026"
Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.
allowance for credit losses financial
"The allowance for credit losses on loans was 1.62% of loans at June 30, 2026"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
nonperforming assets financial
"Nonperforming assets as a percentage of total assets increased two basis points to 0.47%"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
adjusted efficiency ratio financial
"Management continues to focus on delivering high performing operating efficiency, with an adjusted efficiency ratio of 50.42%"
A measure of how well a company converts its income into profit after removing unusual or one-time items that can distort results; it is calculated by dividing recurring operating costs by recurring revenue, with adjustments to exclude irregular charges or gains. Investors use it like a household budget that removes a rare emergency expense to see true spending efficiency — a lower adjusted efficiency ratio generally signals better cost control and higher underlying profitability.
Net income $51.4 million Down 53% versus both Q1 2026 and Q2 2025
Adjusted net income $107.3 million Down 3% versus Q1 2026 and 2% versus Q2 2025
Diluted EPS $0.77 Down from $1.63 in Q1 2026 and $1.60 in Q2 2025
Adjusted diluted EPS $1.60 Compared with $1.63 in Q1 2026 and $1.59 in Q2 2025
Return on average assets 0.73% Down from 1.62% in Q1 2026 and 1.65% in Q2 2025
Net interest margin (TE) 3.88% Unchanged from Q1 2026; up from 3.77% in Q2 2025

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did Ameris Bancorp (ABCB) perform financially in Q2 2026?
Ameris Bancorp earned $51.4 million, or $0.77 per diluted share, in Q2 2026. Adjusted net income was $107.3 million, or $1.60 per diluted share, with adjusted ROA at 1.53% and adjusted ROTCE at 14.08%.

What caused the decline in Ameris Bancorp (ABCB) GAAP earnings in Q2 2026?
GAAP earnings declined mainly because Ameris recorded an $82.5 million litigation expense accrual tied to a California employment jury verdict. This pushed noninterest expense up 54.5% versus Q1 2026 and cut net income by 53% year over year.

How strong were margins and revenue for Ameris Bancorp (ABCB) in Q2 2026?
Net interest margin stayed at 3.88% in Q2 2026, unchanged from Q1 and above Q2 2025’s 3.77%. Net interest income (tax-equivalent) rose to $253.4 million, while noninterest income reached $73.5 million, aided by a $7.4 million securities gain.

How is Ameris Bancorp’s (ABCB) asset quality and reserve position after Q2 2026?
The allowance for credit losses on loans was 1.62% of loans at June 30, 2026. Nonperforming assets were 0.47% of total assets, and the net charge-off ratio was 0.20% annualized, indicating stable overall credit performance.

What is Ameris Bancorp’s (ABCB) capital position and shareholder return activity?
Tangible common equity to tangible assets was 11.04% and CET1 capital was 12.8% at June 30, 2026. Tangible book value per share reached $45.10, and the company repurchased 226,600 shares for $19.0 million during the quarter.
false000035156900003515692026-07-232026-07-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):July 23, 2026
Ameris Bancorp
(Exact Name of Registrant as Specified in Charter)
Georgia001-1390158-1456434
(State or Other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
    
3490 Piedmont Road N.E., Suite 1550
Atlanta,Georgia30305
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code:(404)639-6500
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $1.00 per share
ABCB
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨


Item 2.02 Results of Operations and Financial Condition.

On July 23, 2026, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter ended June 30, 2026. A copy of that press release is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

A copy of the investor presentation material that the Company will present regarding its earnings during the teleconference beginning at 9:00 a.m. Eastern time on July 24, 2026 is attached to this Report as Exhibit 99.2. The investor presentation material is also available on the “Investor Relations” page of the Company’s website (http://www.amerisbank.com).

The information contained in this Item 7.01 and in Exhibit 99.2 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1
Press Release Dated July 23, 2026
99.2
Investor Presentation re: 2nd Quarter 2026 Results
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
AMERIS BANCORP
By:/s/ Nicole S. Stokes
Nicole S. Stokes
Chief Financial Officer


Date: July 23, 2026



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News Release

AMERIS BANCORP ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS

Highlights of Ameris’s results for the second quarter of 2026 include the following:
•Net income of $51.4 million, or $0.77 per diluted share
•Adjusted net income of $107.3 million, or $1.60 per diluted share
•Return on average assets ("ROA") of 0.73%; Adjusted ROA(1) of 1.53%
•Return on average tangible common equity(1) ("ROTCE") of 6.75%; Adjusted ROTCE of 14.08%
•Revenue growth of 14.9% annualized
•Stable net interest margin (TE) of 3.88%
•Efficiency ratio of 74.45% with adjusted efficiency ratio(1) lower at 50.42%
•Growth in average earning assets of $544.6 million, or 8.5% annualized
•Loan growth of $349.9 million, or 6.4% annualized
•Noninterest-bearing deposit mix improvement to 30.0% of total deposits
•Annualized net charge-off decline to 0.20% of average total loans
•Tangible book value(1) growth of $0.31 per share, or 2.8% annualized, to $45.10 at June 30, 2026
•Share repurchases totaling $19.0 million, or 226,600 shares, during the quarter

ATLANTA, GA, July 23, 2026 - Ameris Bancorp (NYSE: ABCB) (the “Company” or “Ameris”) today reported net income of $51.4 million, or $0.77 per diluted share, for the quarter ended June 30, 2026, compared with $109.8 million, or $1.60 per diluted share, for the quarter ended June 30, 2025. Excluding a litigation accrual and gain on the sale of securities, adjusted net income(1) was $107.3 million, or $1.60 per diluted share, for the quarter ended June 30, 2026, compared with $109.4 million, or $1.59 per diluted share, for the quarter ended June 30, 2025.

For the year-to-date period ending June 30, 2026, the Company reported net income of $161.9 million, or $2.40 per diluted share, compared with $197.8 million, or $2.87 per diluted share, for the same period in 2025. Adjusted net income(1) for the six months ended June 30, 2026 was $217.8 million, or $3.23 per diluted share, compared with $197.5 million, or $2.87 per diluted share, for the same period in 2025.

Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Ameris delivered another quarter of strong underlying operating performance, underscoring the resilience of our franchise and the earning power of our business and reflecting the consistency of our long-term strategy and disciplined execution across the organization. We generated a return on assets of 1.53% on an adjusted basis, maintained a stable net interest margin of 3.88% and delivered annualized earning asset growth of 8.5%. We continued to build long-term shareholder value through a relentless focus on profitable growth and a high-quality balance sheet funded with 30% noninterest bearing deposits and tangible common equity exceeding 11%. During the quarter, we were pleased to announce our expansion into the Nashville market, another important step in extending our high-performing Southeast franchise and creating additional opportunities for profitable growth.”

Net Interest Income and Net Interest Margin
Net interest income on a tax-equivalent basis (TE) was $253.4 million in the second quarter of 2026, an increase of $8.1 million, or 3.3%, from last quarter and $20.7 million, or 8.9%, compared with the second quarter of 2025. The Company's average earning assets increased during the quarter by $544.6 million, or 8.5% annualized, primarily due to an increase of $356.9 million in average portfolio loans outstanding and an increase of $170.9 million in the average balance of investment securities.



The Company's net interest margin was stable at 3.88% for the second quarter of 2026, unchanged from the first quarter of 2026 and an 11 basis point improvement from the 3.77% reported for the second quarter of 2025.

Yields on earning assets increased four basis points during the quarter to 5.61%, compared with 5.57% in the first quarter of 2026. This increase is primarily related to a 40 basis point increase in yield on taxable investment securities and a 12 basis point increase in yield on loans held for sale, partially offset by a one-basis point decrease in yield on portfolio loans outstanding during the second quarter of 2026.

The Company’s total cost of funds increased three basis points to 1.91% in the second quarter of 2026, compared with 1.88% in the first quarter of 2026, and improved 15 basis points compared with the second quarter of 2025. Deposit costs increased one-basis point during the second quarter of 2026 to 1.77%, compared with 1.76% in the first quarter of 2026. Costs of interest-bearing deposits during the quarter were 2.52%, an increase of two-basis points compared with the first quarter of 2026.

Noninterest Income
Noninterest income increased $3.6 million, or 5.2%, in the second quarter of 2026 to $73.5 million, compared with $69.9 million for the first quarter of 2026, driven primarily by a $7.4 million securities gain. Mortgage banking activity decreased $4.5 million, or 12.1%, to $32.5 million in the second quarter of 2026, compared with $37.0 million for the first quarter of 2026. Total production in the retail mortgage division increased $65.2 million, or 6.0%, to $1.15 billion in the second quarter of 2026, compared with $1.09 billion for the first quarter of 2026. The retail mortgage open pipeline was $609.3 million at the end of the second quarter of 2026, compared with $632.7 million at the end of the first quarter of 2026. Gain on sale spreads decreased to 2.04% in the second quarter of 2026 from 2.08% for the first quarter of 2026. Gain on securities was $7.4 million for the second quarter of 2026, primarily resulting from a gain on the conversion of Visa Class B-2 shares during the quarter and related gain on sale and mark-to-market adjustments. Other noninterest income increased $437,000, or 4.8%, in the second quarter of 2026 to $9.6 million, compared with $9.1 million for the first quarter of 2026.

Noninterest Expense
Noninterest expense increased $85.6 million, or 54.5%, to $242.7 million during the second quarter of 2026, compared with $157.1 million for the first quarter of 2026. The increase was driven by a litigation expense accrual of $82.5 million related to a jury verdict in an employment case in California. Adjusted noninterest expense(1) increased $3.1 million, or 2.0%, compared with the first quarter of 2026, primarily due to increased legal expenses and charitable donations. Management continues to focus on delivering high performing operating efficiency, with an adjusted efficiency ratio(1) of 50.42% in the second quarter of 2026, compared with 49.97% in the first quarter of 2026 and 51.74% in the second quarter of 2025.

Income Tax Expense
The Company's effective tax rate for the second quarter of 2026 was 22.1%, compared with 21.5% for the first quarter of 2026. The increased rate resulted primarily from a decline in the excess benefit from share-based compensation awards compared with the first quarter of 2026.

Balance Sheet Trends
Total assets at June 30, 2026 were $28.49 billion, compared with $28.11 billion at March 31, 2026 and $27.52 billion at December 31, 2025. During the second quarter of 2026, loans, net of unearned income, increased by $349.9 million, or 6.4% annualized. Loans held for sale decreased to $482.2 million at June 30, 2026 from $623.2 million at December 31, 2025. Debt securities available-for-sale amounted to $2.46 billion, compared with $2.35 billion at March 31, 2026 and $2.21 billion at December 31, 2025.




At June 30, 2026, total deposits amounted to $22.59 billion, compared with $22.38 billion at December 31, 2025. Average deposits in the second quarter of 2026 increased $243.4 million, or 4.4% annualized; however, end of period balances decreased $49.2 million, with noninterest bearing deposits increasing $33.9 million and interest bearing decreasing $83.1 million. Non-brokered, non-public fund deposits decreased $112.2 million, seasonal outflows of public funds totaled $111.0 million and brokered CDs increased $174.0 million. Noninterest-bearing accounts as a percentage of total deposits increased, such that at June 30, 2026, noninterest-bearing deposit accounts represented $6.78 billion, or 30.0% of total deposits, compared with $6.43 billion, or 28.7% of total deposits, at December 31, 2025. 

Shareholders’ equity at June 30, 2026 totaled $4.09 billion, an increase of $14.5 million, or 0.4%, from December 31, 2025. The increase in shareholders’ equity was primarily the result of earnings of $161.9 million during the first six months of 2026, largely offset by share repurchases, dividends declared and a decrease in accumulated other comprehensive income of $24.8 million resulting from changes in interest rates on the Company's investment portfolio. Tangible book value per share(1) increased $0.92 per share, or 4.2% annualized, during the first six months of 2026 to $45.10 at June 30, 2026. Tangible common equity as a percentage of tangible assets was 11.04% at June 30, 2026, compared with 11.37% at the end of 2025. The Company repurchased 226,600 shares of its common stock during the quarter ending June 30, 2026.

Credit Quality
During the second quarter of 2026, the Company recorded a provision for credit losses of $17.3 million, compared with a provision of $16.6 million in the first quarter of 2026. The allowance for credit losses on loans was 1.62% of loans at June 30, 2026, unchanged from the end of 2025. Nonperforming assets as a percentage of total assets increased two basis points to 0.47% during the quarter. Approximately $33.7 million, or 25.4%, of the nonperforming assets at June 30, 2026 were GNMA-guaranteed mortgage loans, which present minimal loss exposure for the Company. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased two basis points to 0.35% at June 30, 2026, compared with 0.33% at the end of the first quarter of 2026. The net charge-off ratio was 20 basis points for the second quarter of 2026, compared with 21 basis points for the first quarter of 2026.

Conference Call
The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, July 24, 2026, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until July 31, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 7503680. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.

About Ameris Bancorp
Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and also serves consumer and business customers nationwide through select lending channels. Ameris manages $28.5 billion in assets as of June 30, 2026, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

(1) Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D.
This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be



viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.

This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on management's opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behavior of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeover; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law.

For more information, contact:
Brady Gailey
Executive Director of Corporate Development
(404) 240-1517


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial HighlightsTable 1
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands except per share data)2026202620252025202520262025
EARNINGS
Net income$51,446 $110,492 $108,356 $106,029 $109,834 $161,938 $197,769 
Adjusted net income(1)
$107,309 $110,492 $108,838 $104,040 $109,444 $217,801 $197,470 
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic$0.77 $1.64 $1.59 $1.55 $1.60 $2.41 $2.88 
Diluted$0.77 $1.63 $1.59 $1.54 $1.60 $2.40 $2.87 
Adjusted diluted EPS(1)
$1.60 $1.63 $1.59 $1.52 $1.59 $3.23 $2.87 
Cash dividends per share$0.20 $0.20 $0.20 $0.20 $0.20 $0.40 $0.40 
Book value per share (period end)$60.96 $60.64 $59.92 $58.56 $57.02 $60.96 $57.02 
Tangible book value per share (period end)(1)
$45.10 $44.79 $44.18 $42.90 $41.32 $45.10 $41.32 
Weighted average number of shares
Basic66,883,935 67,540,444 68,022,346 68,401,737 68,594,608 67,210,376 68,689,506 
Diluted67,099,941 67,766,997 68,328,365 68,665,669 68,796,577 67,430,193 68,912,750 
Period end number of shares67,106,587 67,320,298 68,022,316 68,587,742 68,711,043 67,106,587 68,711,043 
Market data
High intraday price$91.41 $87.98 $78.99 $76.58 $65.43 $91.41 $68.85 
Low intraday price$77.01 $73.20 $68.80 $64.30 $48.27 $73.20 $48.27 
Period end closing price$90.26 $77.99 $74.27 $73.31 $64.70 $90.26 $64.70 
Average daily volume531,184 558,814 448,341 435,766 416,355 544,887 423,428 
PERFORMANCE RATIOS
Return on average assets0.73 %1.62 %1.57 %1.56 %1.65 %1.17 %1.51 %
Adjusted return on average assets(1)
1.53 %1.62 %1.58 %1.53 %1.64 %1.57 %1.50 %
Return on average common equity5.00 %10.91 %10.63 %10.61 %11.40 %7.94 %10.41 %
Adjusted return on average tangible common equity(1)
14.08 %14.75 %14.53 %14.29 %15.76 %14.41 %14.48 %
Earning asset yield (TE)5.61 %5.57 %5.61 %5.66 %5.64 %5.59 %5.63 %
Total cost of funds1.91 %1.88 %1.95 %2.05 %2.06 %1.89 %2.06 %
Net interest margin (TE)3.88 %3.88 %3.85 %3.80 %3.77 %3.88 %3.75 %
Efficiency ratio74.45 %49.97 %46.59 %49.19 %51.63 %62.43 %52.22 %
Adjusted efficiency ratio(1)
50.42 %49.97 %46.68 %49.62 %51.74 %50.19 %52.25 %
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets14.36 %14.52 %14.81 %14.82 %14.68 %14.36 %14.68 %
Tangible common equity to tangible assets(1)
11.04 %11.15 %11.37 %11.31 %11.09 %11.04 %11.09 %
OTHER DATA (period end)
Full time equivalent employees
Banking Division2,039 2,023 2,043 2,068 2,036 2,039 2,036 
Retail Mortgage Division516 528 538 546 550 516 550 
Warehouse Lending Division7 7 7 8 8 7 8 
Premium Finance Division88 84 85 78 78 88 78 
Total Ameris Bancorp FTE headcount2,650 2,642 2,673 2,700 2,672 2,650 2,672 
Branch locations163 163 163 164 164 163 164 
Deposits per branch location$138,574 $138,876 $137,276 $135,537 $133,736 $138,574 $133,736 
(1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Income StatementTable 2
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands except per share data)2026202620252025202520262025
Interest income
Interest and fees on loans$326,705 $317,883 $323,833 $321,457 $315,893 $644,588 $620,061 
Interest on taxable securities30,217 25,474 24,886 23,253 20,696 55,691 39,188 
Interest on nontaxable securities383 374 422 343 334 757 663 
Interest on deposits in other banks8,270 8,040 8,922 9,993 10,715 16,310 21,504 
Total interest income365,575 351,771 358,063 355,046 347,638 717,346 681,416 
Interest expense
Interest on deposits98,995 96,227 105,314 106,851 106,796 195,222 212,011 
Interest on other borrowings14,096 11,108 7,442 10,231 9,029 25,204 15,753 
Total interest expense113,091 107,335 112,756 117,082 115,825 220,426 227,764 
Net interest income252,484 244,436 245,307 237,964 231,813 496,920 453,652 
Provision for loan losses15,894 17,895 16,601 11,176 3,110 33,789 19,629 
Provision for unfunded commitments1,360 (1,338)6,348 11,446 (335)22 5,038 
Provision for other credit losses(1)(6)1 8 (3)(7)(3)
Provision for credit losses17,253 16,551 22,950 22,630 2,772 33,804 24,664 
Net interest income after provision for credit losses235,231 227,885 222,357 215,334 229,041 463,116 428,988 
Noninterest income
Service charges on deposit accounts14,044 13,679 14,088 13,931 13,493 27,723 26,626 
Mortgage banking activity32,526 37,008 31,874 40,666 39,221 69,534 74,475 
Other service charges, commissions and fees1,065 1,027 1,102 1,124 1,158 2,092 2,267 
Gain on securities7,392 — 12 1,581 — 7,392 40 
Equipment finance activity8,948 9,086 8,434 8,858 6,572 18,034 13,270 
Other noninterest income9,557 9,120 6,317 10,114 8,467 18,677 16,256 
Total noninterest income73,532 69,920 61,827 76,274 68,911 143,452 132,934 
Noninterest expense
Salaries and employee benefits91,494 91,366 81,997 90,948 89,308 182,860 175,923 
Occupancy and equipment12,555 11,625 11,321 11,524 11,401 24,180 22,078 
Data processing and communications expenses15,571 16,793 16,236 16,058 15,366 32,364 30,221 
Credit resolution-related expenses(1)
798 509 953 770 657 1,307 1,422 
Advertising and marketing3,452 3,296 1,984 3,377 3,745 6,748 6,628 
Amortization of intangible assets3,114 3,393 3,879 3,879 4,076 6,507 8,179 
Loan servicing expenses7,205 7,380 7,267 8,142 7,897 14,585 15,720 
Other noninterest expenses108,525 22,718 19,453 19,868 22,810 131,243 46,123 
Total noninterest expense242,714 157,080 143,090 154,566 155,260 399,794 306,294 
Income before income tax expense66,049 140,725 141,094 137,042 142,692 206,774 255,628 
Income tax expense14,603 30,233 32,738 31,013 32,858 44,836 57,859 
Net income$51,446 $110,492 $108,356 $106,029 $109,834 $161,938 $197,769 
Diluted earnings per common share$0.77 $1.63 $1.59 $1.54 $1.60 $2.40 $2.87 
(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.



AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Period End Balance SheetTable 3
JunMarDecSepJun
(dollars in thousands)20262026202520252025
Assets
Cash and due from banks$237,431 $235,114 $253,807 $216,927 $249,676 
Interest-bearing deposits in banks959,682 1,094,185 835,113 826,237 920,594 
Debt securities available-for-sale, at fair value2,460,623 2,353,396 2,207,173 2,131,671 1,871,298 
Debt securities held-to-maturity, at amortized cost208,155 202,550 203,242 202,581 176,487 
Other investments123,871 100,718 85,443 70,644 69,910 
Loans held for sale482,220 496,629 623,152 604,136 544,091 
Loans, net of unearned income22,177,865 21,827,980 21,513,522 21,258,374 21,041,497 
Allowance for credit losses(359,513)(354,682)(348,141)(345,294)(341,567)
Loans, net21,818,352 21,473,298 21,165,381 20,913,080 20,699,930 
Other real estate owned4,043 3,091 2,918 3,137 1,825 
Premises and equipment, net220,500 216,397 213,097 211,567 211,434 
Goodwill1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 
Other intangible assets, net48,317 51,430 54,824 58,703 62,582 
Cash value of bank owned life insurance427,789 424,164 420,583 417,096 414,381 
Deferred income taxes, net— 
Other assets482,214 443,317 435,500 428,404 442,299 
Total assets$28,488,843 $28,109,935 $27,515,879 $27,099,829 $26,680,153 
Liabilities
Deposits
Noninterest-bearing$6,782,882 $6,748,976 $6,426,145 $6,757,233 $6,800,519 
Interest-bearing15,804,691 15,887,764 15,949,850 15,470,845 15,132,156 
Total deposits22,587,573 22,636,740 22,375,995 22,228,078 21,932,675 
Other borrowings1,250,049 887,974 558,039 337,094 376,700 
Subordinated deferrable interest debentures135,299 134,801 134,302 133,804 133,306 
Other liabilities425,345 368,293 371,515 384,152 319,794 
Total liabilities24,398,266 24,027,808 23,439,851 23,083,128 22,762,475 
Shareholders' Equity
Preferred stock— — — — — 
Common stock73,265 73,252 72,898 72,900 72,897 
Capital stock1,978,573 1,973,881 1,971,131 1,968,124 1,964,896 
Retained earnings2,345,292 2,307,358 2,210,385 2,115,712 2,023,493 
Accumulated other comprehensive income (loss), net of tax(16,508)(1,476)8,312 5,171 (6,886)
Treasury stock(290,045)(270,888)(186,698)(145,206)(136,722)
Total shareholders' equity4,090,577 4,082,127 4,076,028 4,016,701 3,917,678 
Total liabilities and shareholders' equity$28,488,843 $28,109,935 $27,515,879 $27,099,829 $26,680,153 
Other Data
Earning assets$26,412,416 $26,075,458 $25,467,645 $25,093,643 $24,623,877 
Intangible assets1,063,963 1,067,076 1,070,470 1,074,349 1,078,228 
Interest-bearing liabilities17,190,039 16,910,539 16,642,191 15,941,743 15,642,162 
Average assets28,210,184 27,672,313 27,394,953 26,972,134 26,757,322 
Average common shareholders' equity4,122,923 4,107,670 4,044,338 3,964,207 3,865,031 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality InformationTable 4
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Allowance for Credit Losses
Balance at beginning of period$406,755 $401,558 $392,362 $377,181 $381,507 $401,558 $368,663 
Provision for loan losses15,894 17,895 16,601 11,176 3,110 33,789 19,629 
Provision for unfunded commitments1,360 (1,338)6,348 11,446 (335)22 5,038 
Provision for other credit losses(1)(6)1 8 (3)(7)(3)
Provision for credit losses17,253 16,551 22,950 22,630 2,772 33,804 24,664 
Charge-offs16,616 17,527 19,575 13,631 14,227 34,143 29,610 
Recoveries5,553 6,173 5,821 6,182 7,129 11,726 13,464 
Net charge-offs (recoveries)11,063 11,354 13,754 7,449 7,098 22,417 16,146 
Ending balance$412,945 $406,755 $401,558 $392,362 $377,181 $412,945 $377,181 
Allowance for loan losses$359,513 $354,682 $348,141 $345,294 $341,567 $359,513 $341,567 
Allowance for unfunded commitments53,364 52,004 53,342 46,994 35,548 53,364 35,548 
Allowance for other credit losses68 69 75 74 66 68 66 
Total allowance for credit losses$412,945 $406,755 $401,558 $392,362 $377,181 $412,945 $377,181 
Non-Performing Assets
Nonaccrual portfolio loans$86,819 $81,969 $84,711 $77,257 $75,286 $86,819 $75,286 
Other real estate owned4,043 3,091 2,918 3,137 1,825 4,043 1,825 
Repossessed assets— 4 4 3 2 — 2 
Accruing loans delinquent 90 days or more8,364 8,230 8,492 9,325 8,415 8,364 8,415 
Non-performing portfolio assets$99,226 $93,294 $96,125 $89,722 $85,528 $99,226 $85,528 
Serviced GNMA-guaranteed mortgage nonaccrual loans33,707 34,489 24,347 19,706 11,733 33,707 11,733 
Total non-performing assets$132,933 $127,783 $120,472 $109,428 $97,261 $132,933 $97,261 
Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets0.35 %0.33 %0.35 %0.33 %0.32 %0.35 %0.32 %
Total non-performing assets as a percent of total assets0.47 %0.45 %0.44 %0.40 %0.36 %0.47 %0.36 %
Net charge-offs as a percent of average loans (annualized)0.20 %0.21 %0.26 %0.14 %0.14 %0.21 %0.16 %



AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan InformationTable 5
JunMarDecSepJun
(dollars in thousands)20262026202520252025
Loans by Type
Commercial and industrial$3,453,501 $3,400,837 $3,288,505 $3,299,269 $3,184,211 
Consumer157,252 166,652 180,010 202,688 209,990 
Mortgage warehouse1,345,808 1,232,103 1,150,782 1,083,941 1,092,475 
Municipal415,396 420,775 434,234 437,823 436,759 
Premium Finance1,534,445 1,365,018 1,306,267 1,358,259 1,294,293 
Real estate - construction and development1,702,983 1,564,242 1,469,250 1,411,178 1,485,842 
Real estate - commercial and farmland9,243,359 9,364,885 9,311,405 9,054,927 8,877,750 
Real estate - residential4,325,121 4,313,468 4,373,069 4,410,289 4,460,177 
Total loans$22,177,865 $21,827,980 $21,513,522 $21,258,374 $21,041,497 
Loans by Risk Grade
Pass$21,942,518 $21,598,675 $21,305,745 $21,058,458 $20,820,888 
Other assets especially mentioned61,021 49,359 39,709 37,236 66,677 
Substandard174,326 179,946 168,068 162,680 153,932 
Total loans$22,177,865 $21,827,980 $21,513,522 $21,258,374 $21,041,497 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average BalancesTable 6
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Earning Assets
Interest-bearing deposits in banks$883,521 $879,724 $884,149 $883,976 $951,851 $881,633 $965,930 
Debt securities - taxable2,703,887 2,532,669 2,432,934 2,282,470 2,117,596 2,618,751 2,058,241 
Debt securities - nontaxable44,914 45,241 45,237 44,823 41,299 45,077 41,344 
Loans held for sale629,469 616,530 758,588 706,679 730,770 623,035 648,607 
Loans21,947,729 21,590,793 21,278,859 21,038,350 20,928,825 21,770,247 20,775,652 
Total Earning Assets$26,209,520 $25,664,957 $25,399,767 $24,956,298 $24,770,341 $25,938,743 $24,489,774 
Deposits
Noninterest-bearing deposits$6,695,490 $6,547,843 $6,668,120 $6,849,129 $6,766,557 $6,622,075 $6,645,340 
NOW accounts4,212,047 4,195,369 4,052,397 3,900,999 3,939,802 4,203,754 3,963,995 
MMDA7,072,892 7,189,981 7,347,897 6,977,134 6,918,382 7,131,112 6,914,988 
Savings accounts774,903 760,258 754,439 756,383 766,331 767,621 766,738 
Retail CDs2,250,844 2,268,935 2,325,456 2,344,084 2,393,402 2,259,840 2,415,067 
Brokered CDs1,420,811 1,221,181 1,249,020 1,070,735 1,145,043 1,321,548 1,054,409 
Total Deposits22,426,987 22,183,567 22,397,329 21,898,464 21,929,517 22,305,950 21,760,537 
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase— 1 — 1 — 1 — 
FHLB advances1,171,702 871,128 423,669 443,243 326,054 1,022,245 238,283 
Other borrowings9,768 9,899 9,920 169,994 193,492 9,833 193,493 
Subordinated deferrable interest debentures135,037 134,537 134,041 133,541 133,043 134,789 132,795 
Total Non-Deposit Funding1,316,507 1,015,565 567,630 746,779 652,589 1,166,868 564,571 
Total Funding$23,743,494 $23,199,132 $22,964,959 $22,645,243 $22,582,106 $23,472,818 $22,325,108 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)Table 7
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Interest Income
Interest-bearing deposits in banks$8,270 $8,040 $8,922 $9,993 $10,715 $16,310 $21,504 
Debt securities - taxable30,217 25,474 24,886 23,253 20,696 55,691 39,188 
Debt securities - nontaxable (TE)485 473 535 434 423 958 839 
Loans held for sale9,478 9,000 11,233 11,237 11,578 18,478 20,623 
Loans (TE)318,079 309,732 313,467 311,082 305,154 627,811 601,118 
Total Earning Assets$366,529 $352,719 $359,043 $355,999 $348,566 $719,248 $683,272 
Interest Expense
Interest-Bearing Deposits
NOW accounts$18,925 $18,106 $18,508 $18,230 $18,144 $37,031 $36,450 
MMDA47,070 46,737 52,455 54,657 53,469 93,807 105,730 
Savings accounts688 679 734 813 826 1,367 1,656 
Retail CDs18,531 18,958 20,567 21,253 21,852 37,489 45,097 
Brokered CDs13,781 11,747 13,050 11,898 12,505 25,528 23,078 
Total Interest-Bearing Deposits98,995 96,227 105,314 106,851 106,796 195,222 212,011 
Non-Deposit Funding
FHLB advances11,182 8,179 4,347 4,863 3,508 19,361 4,870 
Other borrowings129 159 169 2,328 2,499 288 4,849 
Subordinated deferrable interest debentures2,785 2,770 2,926 3,040 3,022 5,555 6,034 
Total Non-Deposit Funding14,096 11,108 7,442 10,231 9,029 25,204 15,753 
Total Interest-Bearing Funding$113,091 $107,335 $112,756 $117,082 $115,825 $220,426 $227,764 
Net Interest Income (TE)$253,438 $245,384 $246,287 $238,917 $232,741 $498,822 $455,508 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields(1)
Table 8
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
2026202620252025202520262025
Earning Assets
Interest-bearing deposits in banks3.75 %3.71 %4.00 %4.48 %4.52 %3.73 %4.49 %
Debt securities - taxable4.48 %4.08 %4.06 %4.04 %3.92 %4.29 %3.84 %
Debt securities - nontaxable (TE)4.33 %4.24 %4.69 %3.84 %4.11 %4.29 %4.09 %
Loans held for sale6.04 %5.92 %5.87 %6.31 %6.35 %5.98 %6.41 %
Loans (TE)5.81 %5.82 %5.84 %5.87 %5.85 %5.82 %5.83 %
Total Earning Assets5.61 %5.57 %5.61 %5.66 %5.64 %5.59 %5.63 %
Interest-Bearing Deposits
NOW accounts1.80 %1.75 %1.81 %1.85 %1.85 %1.78 %1.85 %
MMDA2.67 %2.64 %2.83 %3.11 %3.10 %2.65 %3.08 %
Savings accounts0.36 %0.36 %0.39 %0.43 %0.43 %0.36 %0.44 %
Retail CDs3.30 %3.39 %3.51 %3.60 %3.66 %3.35 %3.77 %
Brokered CDs3.89 %3.90 %4.15 %4.41 %4.38 %3.90 %4.41 %
Total Interest-Bearing Deposits2.52 %2.50 %2.66 %2.82 %2.83 %2.51 %2.83 %
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase— %— %— %— %— %— %— %
FHLB advances3.83 %3.81 %4.07 %4.35 %4.32 %3.82 %4.12 %
Other borrowings5.30 %6.51 %6.76 %5.43 %5.18 %5.91 %5.05 %
Subordinated deferrable interest debentures8.27 %8.35 %8.66 %9.03 %9.11 %8.31 %9.16 %
Total Non-Deposit Funding4.29 %4.44 %5.20 %5.44 %5.55 %4.36 %5.63 %
Total Interest-Bearing Liabilities
2.66 %2.61 %2.74 %2.94 %2.94 %2.64 %2.93 %
Net Interest Spread2.95 %2.96 %2.87 %2.72 %2.70 %2.95 %2.70 %
Net Interest Margin(2)
3.88 %3.88 %3.85 %3.80 %3.77 %3.88 %3.75 %
Total Cost of Funds(3)
1.91 %1.88 %1.95 %2.05 %2.06 %1.89 %2.06 %
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.

























AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net IncomeTable 9A
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands except per share data)2026202620252025202520262025
Net income available to common shareholders$51,446 $110,492 $108,356 $106,029 $109,834 $161,938 $197,769 
Adjustment items:
Litigation accrual82,503 — — — — 82,503 — 
Loss (gain) on sale of MSR— — 1,127 (125)(356)— (342)
Gain on securities(7,392)— (12)(1,581)— (7,392)(40)
Servicing right impairment (recovery)— — 910 — — — — 
Gain on BOLI proceeds(846)— (220)(390)— (846)(11)
FDIC special assessment— — (1,136)(318)(138)— — 
Tax effect of adjustment items (Note 1)
(18,402)— (217)495 121 (18,402)94 
After tax adjustment items55,863 — 452 (1,919)(373)55,863 (299)
Adjusted net income$107,309 $110,492 $108,808 $104,110 $109,461 $217,801 $197,470 
Weighted average number of shares - diluted67,099,941 67,766,997 68,328,365 68,665,669 68,796,577 67,430,193 68,912,750 
Net income per diluted share$0.77 $1.63 $1.59 $1.54 $1.60 $2.40 $2.87 
Adjusted net income per diluted share$1.60 $1.63 $1.59 $1.52 $1.59 $3.23 $2.87 
Average assets$28,210,184 $27,672,313 $27,394,953 $26,972,134 $26,757,322 $27,946,326 $26,494,831 
Return on average assets0.73 %1.62 %1.57 %1.56 %1.65 %1.17 %1.51 %
Adjusted return on average assets1.53 %1.62 %1.58 %1.53 %1.64 %1.57 %1.50 %
Average common equity$4,122,923 $4,107,670 $4,044,338 $3,964,207 $3,865,031 $4,115,344 $3,831,775 
Average tangible common equity$3,057,445 $3,039,019 $2,971,985 $2,887,961 $2,784,819 $3,048,288 $2,749,529 
Return on average common equity5.00 %10.91 %10.63 %10.61 %11.40 %7.94 %10.41 %
Return on average tangible common equity6.75 %14.75 %14.46 %14.57 %15.82 %10.71 %14.50 %
Adjusted return on average tangible common equity14.08 %14.75 %14.53 %14.29 %15.76 %14.41 %14.48 %
Note 1: Tax effect is calculated utilizing a 24.5% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included.



AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency RatioTable 9B
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Adjusted Noninterest Expense
Total noninterest expense$242,714 $157,080 $143,090 $154,566 $155,260 $399,794 $306,294 
Adjustment items:
Litigation accrual(82,503)— — — — (82,503)— 
FDIC special assessment— — 1,136 318 138 — — 
Adjusted noninterest expense$160,211 $157,080 $144,226 $154,884 $155,398 $317,291 $306,294 
Adjusted Total Revenue
Net interest income$252,484 $244,436 $245,307 $237,964 $231,813 $496,920 $453,652 
Noninterest income73,532 69,920 61,827 76,274 68,911 143,452 132,934 
Total revenue326,016 314,356 307,134 314,238 300,724 $640,372 $586,586 
Adjustment items:
Gain on securities(7,392)— (12)(1,581)— (7,392)(40)
(Gain)/loss on sale of MSR— — 1,127 (125)(356)— (342)
Gain on BOLI proceeds(846)— (220)(390)— (846)(11)
Servicing right impairment (recovery)— — 910 — — — — 
Adjusted total revenue$317,778 $314,356 $308,939 $312,142 $300,368 $632,134 $586,193 
Efficiency ratio74.45 %49.97 %46.59 %49.19 %51.63 %62.43 %52.22 %
Adjusted efficiency ratio50.42 %49.97 %46.68 %49.62 %51.74 %50.19 %52.25 %
Tangible Book Value Per ShareTable 9C
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands except per share data)2026202620252025202520262025
Total shareholders' equity$4,090,577 $4,082,127 $4,076,028 $4,016,701 $3,917,678 $4,090,577 $3,917,678 
Less:
Goodwill1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 
Other intangibles, net48,317 51,430 54,824 58,703 62,582 48,317 62,582 
Total tangible shareholders' equity$3,026,614 $3,015,051 $3,005,558 $2,942,352 $2,839,450 $3,026,614 $2,839,450 
Period end number of shares67,106,587 67,320,298 68,022,316 68,587,742 68,711,043 67,106,587 68,711,043 
Book value per share (period end)$60.96 $60.64 $59.92 $58.56 $57.02 $60.96 $57.02 
Tangible book value per share (period end)$45.10 $44.79 $44.18 $42.90 $41.32 $45.10 $41.32 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Tangible Common Equity to Tangible Assets ("TCE Ratio")Table 9D
JunMarDecSepJun
(dollars in thousands except per share data)20262026202520252025
Total shareholders' equity$4,090,577$4,082,127$4,076,028$4,016,701$3,917,678
Less:
Goodwill1,015,6461,015,6461,015,6461,015,6461,015,646
Other intangibles, net48,31751,43054,82458,70362,582
Total tangible shareholders' equity$3,026,614$3,015,051$3,005,558$2,942,352$2,839,450
Total assets$28,488,843$28,109,935$27,515,879$27,099,829$26,680,153
Less:
Goodwill1,015,6461,015,6461,015,6461,015,6461,015,646
Other intangibles, net48,31751,43054,82458,70362,582
Total tangible assets$27,424,880$27,042,859$26,445,409$26,025,480$25,601,925
Equity to Assets14.36 %14.52 %14.81 %14.82 %14.68 %
Tangible Common Equity to Tangible Assets11.04 %11.15 %11.37 %11.31 %11.09 %


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment ReportingTable 10
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Retail Mortgage Division
Net interest income$15,844 $16,828 $19,312 $20,179 $22,031 $32,672 $43,875 
Provision for credit losses(3,346)3,074 (3,142)529 1,010 (272)6,201 
Noninterest income32,151 36,316 30,056 40,081 37,726 68,467 72,455 
Noninterest expense
Salaries and employee benefits21,493 21,912 21,413 21,589 24,358 43,405 45,353 
Occupancy and equipment expenses685 649 754 760 811 1,334 1,640 
Data processing and telecommunications expenses1,302 1,224 1,315 1,232 1,391 2,526 2,688 
Other noninterest expenses11,587 12,532 11,547 12,480 12,496 24,119 24,459 
Total noninterest expense35,067 36,317 35,029 36,061 39,056 71,384 74,140 
Income before income tax expense16,274 13,753 17,481 23,670 19,691 30,027 35,989 
Income tax expense3,417 2,888 3,671 4,970 4,135 6,305 7,558 
Net income$12,857 $10,865 $13,810 $18,700 $15,556 $23,722 $28,431 
Warehouse Lending Division
Net interest income$8,825 $7,594 $7,430 $7,474 $7,091 $16,419 $12,993 
Provision for credit losses184 177 129 23 369 361 194 
Noninterest income794 796 736 756 1,893 1,590 2,447 
Noninterest expense
Salaries and employee benefits468 544 556 566 618 1,012 1,170 
Occupancy and equipment expenses7 8 7 7 7 15 14 
Data processing and telecommunications expenses59 35 54 57 59 94 97 
Other noninterest expenses184 179 195 195 96 363 366 
Total noninterest expense718 766 812 825 780 1,484 1,647 
Income before income tax expense8,717 7,447 7,225 7,382 7,835 16,164 13,599 
Income tax expense1,831 1,564 1,517 1,550 1,646 3,395 2,856 
Net income$6,886 $5,883 $5,708 $5,832 $6,189 $12,769 $10,743 
Premium Finance Division
Net interest income$12,515 $11,647 $11,802 $12,251 $11,190 $24,162 $21,070 
Provision for credit losses417 1,447 926 461 716 1,864 1,172 
Noninterest income18 17 17 18 17 35 33 
Noninterest expense
Salaries and employee benefits2,865 2,664 2,446 2,492 2,331 5,529 4,683 
Occupancy and equipment expenses40 38 37 39 36 78 73 
Data processing and telecommunications expenses169 186 106 101 91 355 220 
Other noninterest expenses390 687 1,240 1,075 1,115 1,077 2,084 
Total noninterest expense3,464 3,575 3,829 3,707 3,573 7,039 7,060 
Income before income tax expense8,652 6,642 7,064 8,101 6,918 15,294 12,871 
Income tax expense1,817 1,384 1,450 1,669 1,410 3,201 2,624 
Net income$6,835 $5,258 $5,614 $6,432 $5,508 $12,093 $10,247 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)Table 10
Three Months EndedSix Months Ended
JunMarDecSepJunJunJun
(dollars in thousands)2026202620252025202520262025
Banking Division
Net interest income$215,300 $208,367 $206,763 $198,060 $191,501 $423,667 $375,714 
Provision for credit losses19,998 11,853 25,037 21,617 677 31,851 17,097 
Noninterest income40,569 32,791 31,018 35,419 29,275 73,360 57,999 
Noninterest expense
Salaries and employee benefits66,668 66,246 57,582 66,301 62,001 132,914 124,717 
Occupancy and equipment expenses11,823 10,930 10,523 10,718 10,547 22,753 20,351 
Data processing and telecommunications expenses14,041 15,348 14,761 14,668 13,825 29,389 27,216 
Other noninterest expenses110,933 23,898 20,554 22,286 25,478 134,831 51,163 
Total noninterest expense203,465 116,422 103,420 113,973 111,851 319,887 223,447 
Income before income tax expense32,406 112,883 109,324 97,889 108,248 145,289 193,169 
Income tax expense7,538 24,397 26,100 22,824 25,667 31,935 44,821 
Net income$24,868 $88,486 $83,224 $75,065 $82,581 $113,354 $148,348 
Total Consolidated
Net interest income$252,484 $244,436 $245,307 $237,964 $231,813 $496,920 $453,652 
Provision for credit losses17,253 16,551 22,950 22,630 2,772 33,804 24,664 
Noninterest income73,532 69,920 61,827 76,274 68,911 143,452 132,934 
Noninterest expense
Salaries and employee benefits91,494 91,366 81,997 90,948 89,308 182,860 175,923 
Occupancy and equipment expenses12,555 11,625 11,321 11,524 11,401 24,180 22,078 
Data processing and telecommunications expenses15,571 16,793 16,236 16,058 15,366 32,364 30,221 
Other noninterest expenses123,094 37,296 33,536 36,036 39,185 160,390 78,072 
Total noninterest expense242,714 157,080 143,090 154,566 155,260 399,794 306,294 
Income before income tax expense66,049 140,725 141,094 137,042 142,692 206,774 255,628 
Income tax expense14,603 30,233 32,738 31,013 32,858 44,836 57,859 
Net income$51,446 $110,492 $108,356 $106,029 $109,834 $161,938 $197,769 


2nd Quarter 2026 Results Investor Presentation

 

Cautionary Statements 1 This presentation contains forward-looking statements, as defined by federal securities laws, including, among other forward- looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this presentation are based on management’s opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behaviors of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations and assumptions regarding credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeovers; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and, except as required by law, the Company undertakes no obligation to update or revise forward-looking statements except as required by law.

 

Ameris Profile Investment Rationale • Top of peer financial results with culture of discipline – credit, liquidity, expense control, capital • Diversified and granular loan portfolio among geographies and product lines • Stable deposit base with 30.0% noninterest-bearing deposits • Experienced executive team with skills and leadership to continue to grow organically • Focus on shareholder value with 11% annualized tangible book value growth over the last five years Strong History of Earnings 2 Growth Focused $24.6 $25.1 $25.5 $26.1 $26.4 $41.32 $42.90 $44.18 $44.79 $45.10 $23.0 $23.5 $24.0 $24.5 $25.0 $25.5 $26.0 $26.5 $27.0 $40.00 $42.00 $44.00 $46.00 $48.00 2Q25 3Q25 4Q25 1Q26 2Q26 Earning Assets (Billions) Tangible Book Value per Share 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 111 $1.59 $1.52 $1.59 $1.63 $1.60 1.64% 1.53% 1.58% 1.62% 1.53% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 2Q25 3Q25 4Q25 1Q26 2Q26 Adjusted Diluted EPS Adjusted ROA

 

Southeast Scarcity Value 3 1 – Census data obtained from S&P Global Market Intelligence 2 – Historical and projected population change from S&P Capital and Claritas Grey areas represent MSAs in the top 25% of projected population growth where Ameris has branches. (2) Top Southeast Market Share • Scarcity value in strong Southeast markets projected to grow faster than the national average(1) • #1 deposit market share in Atlanta for banks under $50 billion in assets • #2 deposit market share in Jacksonville for banks under $50 billion in assets • #1 deposit market share in Savannah for banks under $50 billion in assets • Increasing deposit market share by 1% in Atlanta, Jacksonville and Savannah (our top three markets) would be $3.7 billion of additional deposits Population Growth in Our Markets Outpaces National Average Deposit market share according to the FDIC's Summary of Deposits as of June 30, 2025.

 

50.4% Adjusted Efficiency Ratio(1) 1.9x National Growth Markets(3) 1.62% Allowance for Credit Losses 12.8% CET1 Ratio(2) 11% 5-yr TBV(1) CAGR 14.1% Adjusted ROTCE(1) 21% Adjusted Fees to Revenue(1) Disciplined and Focused Mgmt Team 11.0% TCE/TA Ratio(1) 30.0% NIB Deposits 3.88% Net Interest Margin 1.53% Adjusted ROA(1) 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 2 – Regulatory capital ratios are estimated for most recent period end 3 – Ameris Southeast Markets projected to grow approximately 1.9x the national average over the next five years per census data obtained from S&P Global Market Intelligence4 Why Ameris? Leading Industry Performance

 

26.45 27.46 26.26 26.84 27.89 28.62 29.92 30.79 31.42 32.38 33.64 34.52 35.79 37.51 38.59 39.78 41.32 42.90 44.18 44.79 45.10 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Tangible Book Value/Share Delivering Shareholder Value Tangible Book Value Growth 5 • Management remains focused on growing shareholder value • Over the past five years, TBV(1) has grown by 11% annualized • TBV(1) increased $0.31 per share in 2Q26: • $0.56 from retained earnings • ($0.13) from share repurchases • ($0.23) from impact of AOCI • $0.11 from all other 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

 

1 – 2Q26 growth percentages are compared to prior year period; net charge offs are annualized 2 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 3 – Regulatory capital ratios are estimated for most recent period end6 History of Consistent Performance 5 Year Performance Metrics 2021-2025 (5 Year) YTD 2021 2022 2023 2024 2025 Average 2Q26 (1) ROA 1.73% 1.47% 1.06% 1.38% 1.54% 1.43% 1.17% Adjusted ROA(2) 1.66% 1.35% 1.11% 1.30% 1.53% 1.39% 1.57% ROTCE(2) 20.6% 17.8% 12.2% 14.4% 14.5% 15.9% 10.7% Adjusted ROTCE(2) 19.9% 16.4% 12.8% 13.6% 14.4% 15.4% 14.4% Net Interest Margin 3.32% 3.76% 3.61% 3.56% 3.79% 3.61% 3.88% Net Interest Income Growth 2.8% 22.2% 4.2% 1.7% 10.3% 8.3% 9.5% Efficiency Ratio 54.9% 51.7% 53.7% 53.2% 50.0% 52.7% 62.4% Adjusted Efficiency Ratio(2) 55.3% 52.7% 52.8% 54.1% 50.1% 53.0% 50.2% Fees/Revenue 35.8% 26.2% 22.5% 25.7% 22.4% 26.5% 22.4% NIB Deposits/Total Deposits 39.5% 40.7% 31.3% 29.9% 28.7% 34.1% 30.0% CET1 Ratio(3) 10.5% 9.9% 11.2% 12.7% 13.2% 11.5% 12.8% TCE Ratio(2) 8.0% 8.7% 9.6% 10.6% 11.4% 9.7% 11.0% CRE Concentration 291% 292% 282% 268% 262% 279% 261% Allowance for Credit Losses/Total Loans 1.06% 1.04% 1.52% 1.63% 1.62% 1.37% 1.62% Net Charge Offs/Total Loans 0.04% 0.08% 0.25% 0.19% 0.18% 0.15% 0.21%

 

2Q 2026 Operating Highlights 7 • Net income of $51.4 million, or $0.77 per diluted share • Adjusted net income(1) of $107.3 million, or $1.60 per diluted share • Return on average assets (ROA) of 0.73%, or adjusted ROA(1) of 1.53% • Return on average tangible common equity(1) (ROTCE) of 6.75%, or adjusted ROTCE(1) of 14.08% • Revenue growth of 14.9% annualized, or adjusted revenue growth of 4.4%(1) • Stable net interest margin (TE) of 3.88% • Efficiency ratio of 74.45% with adjusted efficiency ratio(1) lower at 50.42% • Growth in average earning assets of $544.6 million, or 8.5% annualized • Loan growth of $349.9 million, or 6.4% annualized • Noninterest-bearing deposit mix improvement to 30.0% of total deposits • Annualized net charge-off decline to 0.20% of average total loans • Tangible book value(1) growth of $0.31 per share, or 2.8% annualized, to $45.10 at June 30, 2026 • Share repurchases totaling $19.0 million, or 226,600 shares, during the quarter 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

 

Financial Highlights 8 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix (dollars in thousands, except per share data) 2Q26 1Q26 Change 2Q25 Change 2026 2025 Change Net Income $ 51,446 $ 110,492 -53% $ 109,834 -53% $ 161,938 $ 197,769 -18% Adjusted Net Income(1) $ 107,309 $ 110,492 -3% $ 109,461 -2% $ 217,801 $ 197,470 10% Net Income Per Diluted Share $ 0.77 $ 1.63 -53% $ 1.60 -52% $ 2.40 $ 2.87 -16% Adjusted Net Income Per Share(1) $ 1.60 $ 1.63 -2% $ 1.59 1% $ 3.23 $ 2.87 13% Return on Assets 0.73% 1.62% -55% 1.65% -56% 1.17% 1.51% -22% Adjusted Return on Assets(1) 1.53% 1.62% -6% 1.64% -7% 1.57% 1.50% 5% Return on Equity 5.00% 10.91% -54% 11.40% -56% 7.94% 10.41% -24% Return on TCE(1) 6.75% 14.75% -54% 15.82% -57% 10.71% 14.50% -26% Adjusted Return on TCE(1) 14.08% 14.75% -5% 15.77% -11% 14.41% 14.48% -1% Efficiency Ratio 74.45% 49.97% 49% 51.63% 44% 62.43% 52.22% 20% Adjusted Efficiency Ratio(1) 50.42% 49.97% 1% 51.74% -3% 50.19% 52.25% -4% Net Interest Margin 3.88% 3.88% 0% 3.77% 3% 3.88% 3.75% 3% Quarter to Date Results Year To Date Results

 

Strong Net Interest Margin 9 • Net interest margin stable at 3.88% in the second quarter of 2026 • Average earning assets increased 8.5% annualized • Net interest income (TE) up $8.0 million in 2Q26 • Interest income (TE) increased $13.8 million • Interest expense increased $5.8 million Spread Income and Margin Interest Rate Sensitivity • Asset sensitivity continues near neutrality in preparation for further potential FOMC rate changes: • -1.1% asset sensitivity in -100bps • -0.6% asset sensitivity in -50bps • +0.7% asset sensitivity in +50bps • +1.5% asset sensitivity in +100bps • Approximately $13.4 billion of total loans reprice within one year through either maturities or floating rate indices $232.7 $238.9 $246.3 $245.4 $253.4 3.77% 3.80% 3.85% 3.88% 3.88% 3.50% 3.60% 3.70% 3.80% 3.90% 4.00% 4.10% $200.0 $210.0 $220.0 $230.0 $240.0 $250.0 $260.0 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income (TE) (in millions) NIM 0.04% -0.04% 3.88% 3.88% 3.50% 3.55% 3.60% 3.65% 3.70% 3.75% 3.80% 3.85% 3.90% 3.95% 1Q26 Margin Higher Asset Yields Higher Funding Costs 2Q26 Margin 2Q26 Margin Attribution

 

Diversified Revenue Stream 10 • Strong revenue base of net interest income from core banking division and lines of business • Additional noninterest revenue provided by our diversified lines of business Noninterest Income • Noninterest income increased $3.6 million in the second quarter • Gain on securities of $7.4 million, primarily from conversion of VISA Class B stock • Mortgage revenue decreased $4.5 million • Service charges increased $365,000 Strong Revenue Stream 77% 76% 80% 78% 80% 13% 13% 10% 12% 10% 10% 11% 10% 10% 10% $301.7 $315.2 $308.1 $315.3 $315.9 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2Q25 3Q25 4Q25 1Q26 2Q26 Revenue Sources (Tax-Equivalent) (in millions) Net Interest Income (TE) Mortgage Banking Activity All Other Noninterest Income Service Charges on  Deposit Accounts 29% Equipment  Finance Activity 18%BOLI Income 10% Gain on Securities  15% Other 28% All Other Noninterest Income

 

Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 11 • Management continues to deliver high performing operating efficiency • Positive operating leverage allowed adjusted revenue to increase $17.4 million, or 5.8%, while expenses only increased $4.8 million, or 3.1%, when compared with 2Q25 • Adjusted efficiency ratio of 50.42% in 2Q26 • Improvement compared with 51.74% in 2Q25 • Adjusted total expenses increased $3.1 million in 2Q26 compared with 1Q26 primarily due to increased legal expenses and charitable donations $112.0 $114.3 $104.6 $116.4 $121.0 $43.4 $40.6 $39.7 $40.7 $39.2 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 2Q25 3Q25 4Q25 1Q26 2Q26 Adjusted Operating Expenses (in millions) Banking LOBs 51.74% 49.62% 46.68% 49.97% 50.42% 40.00% 45.00% 50.00% 55.00% 60.00% 65.00% 2Q25 3Q25 4Q25 1Q26 2Q26 Adjusted Efficiency Ratio

 

Granular Core Deposit Base 12 Deposits by Product Type • Average deposits increased $243.4 million, or 4.4% annualized, in 2Q26 • Total deposits decreased $49.2 million, or 0.9% annualized, at June 30 due to quarter-end customer activity • Non-brokered, non-public fund deposits decreased $112.2 million • Seasonal outflows of public funds totaled $111.0 million • Brokered CDs increased $174.0 million, and represent only 6.7% of total deposits • Noninterest-bearing deposits increased $33.9 million; NIB to total deposit ratio of 30.0% • Granular deposit base with $45,949 average account size over 491,000 accounts 2Q26 Highlights Deposits by Customer  Deposit Type   Balance (in 000s)  % of Total Count Average per account NIB 6,782,882$       30.0% 317,782   21,344$                NOW 4,246,796         18.8% 41,050     103,454                Checking (NIB/NOW) 11,029,678       48.8% 358,832   30,738                  MMDA 7,025,002         31.1% 33,318     210,847                Savings 767,595             3.4% 62,267     12,327                  CD 3,765,298         16.7% 37,158     101,332                Total 22,587,573$     100% 491,575   45,949$                Consumer 33% Commercial 44% Public 16% Brokered 7% 2Q26

 

Capital Strength 13 • TCE ratio of 11.0% and CET1 ratio of 12.8% are strong and above peer levels • Minimal impact from unrealized gains/losses, as the AFS bond portfolio has unrealized losses of $18.8 million • Earnings expected to add between 25 - 35 basis points to capital each quarter assuming flat balance sheet • As of June 30, 2026, capital components included only common equity and approximately $135.3 million of trust preferred debt • Board authorized $200 million share repurchase program in October 2025, of which $65.4 million remains as of June 30, 2026 • Repurchased $19.0 million of common shares during 2Q26 and $93.8 million year to date • Repurchases represented approximately 0.3% of shares outstanding in 2Q26 and 1.7% year to date Capital ratios are estimated for most recent period end Strong Capital Base Capital Highlights 11.1% 11.4% 11.4% 11.4% 11.5% 13.0% 13.2% 13.2% 13.0% 12.8% 15.4% 15.1% 15.0% 14.8% 14.7% 2Q25 3Q25 4Q25 1Q26 2Q26 Leverage Ratio CET1/Tier 1 Capital Ratio Total Capital Ratio

 

Loan Diversification and Credit Quality

 

Diversified Loan Portfolio 2Q26 Loan Portfolio 15 • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff • Asset quality metrics remain stable • CRE and C&D concentrations were 261% and 49%, respectively, compared with 265% and 46%, respectively, at 1Q26 • Allowance for Credit Losses (ACL) on loans is 1.62% of total loans • Limited exposure to non-mortgage consumer loans and HELOCs • Exposure to non-mortgage NDFI is less than 1% of loans and all loans are current and pass graded • Exposure to technology related companies represents less than 0.10% of loans Portfolio Highlights Agriculture 1% C&I 28% Municipal 2% Consumer 1% Investor CRE 23% OO CRE 8% Construction 8% Multi-Family 9% HELOC 2% SFR Mortgage 18% $22.2 Billion

 

Loan Balance Changes 2Q26 Loan Balance Changes 16 • Loan balances increased $349.9 million, or 6.4% annualized during 2Q26 • 2Q26 production remained strong at $2.4 billion, building upon the strong $2.2 billion in 1Q26 • Represents a 24% increase from $1.9 billion in 2Q25 • C&I growth was spread among premium finance, mortgage warehouse and equipment finance, reflecting the diversification in our C&I portfolio (in millions) Growth Highlights $328 $139 $48 $12 $(7) $(63) $(107) $(150) $(100) $(50) $- $50 $100 $150 $200 $250 $300 $350 C&I Construction OO CRE RE - RES Other Multi-Family Investor CRE

 

Allowance for Credit Losses 17 • The ACL on loans totaled $359.5 million, or 1.62%, at 2Q26 • During 2Q26, the Company recorded provision expense of $17.3 million • The June economic forecasts used in the ACL model evenly weighted the baseline and S2 adverse scenarios 2Q26 CECL Reserve Reserve Summary (in millions) (dollars in millions) 1.60% 1.60% 1.63% 1.67% 1.62% 1.62% 1.62% 1.62% 1.62% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% $150 $175 $200 $225 $250 $275 $300 $325 $350 $375 $400 $425 $450 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 ACL - Loans ACL - Unfunded Commitments ACL on Loans / Total Loans 2Q26 Allowance Coverage Outstanding Balance ACL ACL % Gross Loans $22,177.9 $359.5 1.62% Unfunded Commitments $4,827.1 $53.4 1.11% Criticized ACL Coverage $201.6 178% Classified ACL Coverage $140.6 256% NPL ACL Coverage $95.2 378% Criticized, Classified and Nonperforming loan totals exclude GNMA-guaranteed loans

 

Asset Quality Trends 18 • NPAs, excluding GNMA mortgages, remain low at 0.35% of total assets • Net charge-offs totaled $11.1 million, or 0.20% annualized, in 2Q26 • The largest component of classified and nonperforming loans at 2Q26 was residential mortgages including government-guaranteed mortgages Credit Summary ($ in millions) 0.18% 0.14% 0.14% 0.26% 0.21% 0.20% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Charge-Offs Net Charge-offs NCO Ratio (Annualized) 0.38% 0.32% 0.33% 0.35% 0.33% 0.35% 0.44% 0.36% 0.40% 0.44% 0.45% 0.47% 0.73% 0.68% 0.67% 0.67% 0.67% 0.63% 1.09% 0.99% 0.85% 0.85% 0.89% 0.91% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Problem Loan Trends NPA x GNMA / Total Assets NPA / Total Assets Classified x GNMA / Total Loans Criticized x GNMA / Total Loans

 

Term Investor CRE • 30-89 days past due investor CRE loans were 0.01% and NPLs were 0.11% at 2Q26 • Reserve for term investor CRE is $111.7 million, or 1.55% • Investor CRE portfolio is well diversified with over 80% of CRE loans located in MSAs in Ameris’s footprint, which exhibit population growth forecasts exceeding the national average 19 Highlights (1) Results based on stabilized term loans, or 57% of total Investor CRE loans Investor CRE (dollars in Millions) Outstanding $7.22 B Unfunded $0.22 B Total Committed Exposure $7.44 B Average Loan Size $4.41 M Allowance Coverage 1.55% 30-89 DPD Ratio 0.01% NPL Ratio 0.11% Criticized Ratio 0.79% Criticized ACL Coverage 195% Average LTV (1) 57% Average DSC (1) 1.56 Atlanta GA $1,932 Other GA $491 FL $2,443 SC $1,036 NC $705 All Other $837 Investor CRE by Property Location Multi-Family $2,036 Office $1,170 Retail - Anchored $1,326 Retail - Non Anchored $1,065 Warehouse / Industrial $1,019 Hotel $425 All Other CRE $403 Investor CRE by Property Type Investor CRE 23% Multi 9%

 

Office Portfolio • There were no 30-89 days past due investor office loans and NPLs were 0.60% at 2Q26 • Our reserve for investor office is $48.3 million, or 3.95% 20 Highlights (1) Results based on stabilized term loans, or 84% of term office loans Investor Office (dollars in Millions) Construction $106.7 Investor CRE $1,114.5 Owner- Occupied $489.8 Total Office Portfolio by Loan Type Class A 51% Medical 18% Class B 30% Class C 1% Investor Office Portfolio by Property Class Outstanding $1.22 B Unfunded $0.08 B Total Committed Exposure $1.3 B Average Loan Size $3.52 M Allowance Coverage 3.95% 30-89 DPD Ratio 0.00% NPL Ratio 0.60% Criticized Ratio 2.55% Criticized ACL Coverage 155% Average LTV (1) 58% Average DSC (1) 1.58 Class A & Medical (1) 69%

 

Appendix

 

22 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2Q26 1Q26 2Q25 2026 2025 Net Income $ 51,446 $ 110,492 $ 109,834 $ 161,938 $ 197,769 Adjustment items Litigation Accrual 82,503 - - 82,503 - Loss on sale of MSR - - (356) - (342) Gain on securities (7,392) - - (7,392) (40) Gain on BOLI proceeds (846) - - (846) (11) FDIC special assessment - - (138) - - Tax effect of adjustment items (18,402) - 121 (18,402) 94 After tax adjustment items 55,863 - (373) 55,863 (299) Adjusted Net Income $ 107,309 $ 110,492 $ 109,461 $ 217,801 $ 197,470 Weighted average number of shares - diluted 67,099,941 67,766,997 68,796,577 67,430,193 68,912,750 Net income per diluted share $ 0.77 $ 1.63 $ 1.60 $ 2.40 $ 2.87 Adjusted net income per diluted share $ 1.60 $ 1.63 $ 1.59 $ 3.23 $ 2.87 Average assets 28,210,184 27,672,313 26,757,322 27,946,326 26,494,831 Return on average assets 0.73% 1.62% 1.65% 1.17% 1.51% Adjusted return on average assets 1.53% 1.62% 1.64% 1.57% 1.50% Average common equity 4,122,923 4,107,670 3,865,031 4,115,344 3,831,775 Average tangible common equity 3,057,445 3,039,019 2,784,819 3,048,288 2,749,529 Return on average common equity 5.00% 10.91% 11.40% 7.94% 10.41% Return on average tangible common equity 6.75% 14.75% 15.82% 10.71% 14.50% Adjusted return on average tangible common equity 14.08% 14.75% 15.77% 14.41% 14.48% Quarter to Date Year to Date

 

23 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 2026 2025 Adjusted Noninterest Expense Total noninterest expense 242,714$ 157,080$ 143,090$ 154,566$ 155,260$ 399,794$ 306,294$ Adjustment items: Litigation accrual (82,503) - - - - (82,503) - FDIC special assessment - - 1,136 318 138 - - Adjusted noninterest expense 160,211$ 157,080$ 144,226$ 154,884$ 155,398$ 317,291$ 306,294$ Adjusted Total Revenue Net interest income 252,484$ 244,436$ 245,307$ 237,964$ 231,813$ 496,920$ 453,652$ Noninterest income 73,532 69,920 61,827 76,274 68,911 143,452 132,934 Total revenue 326,016$ 314,356$ 307,134$ 314,238$ 300,724$ 640,372$ 586,586$ Adjustment items: Gain on securities (7,392) - (12) (1,581) - (7,392) (40) Gain on BOLI proceeds (846) - (220) (390) - (846) (11) (Gain) loss on sale of mortgage servicing rights - - 1,127 (125) (356) - (342) Servicing right impairment (recovery) - - 910 - - - - Adjusted total revenue 317,778$ 314,356$ 308,939$ 312,142$ 300,368$ 632,134$ 586,193$ Efficiency ratio 74.45% 49.97% 46.59% 49.19% 51.63% 62.43% 52.22% Adjusted efficiency ratio 50.42% 49.97% 46.68% 49.62% 51.74% 50.19% 52.25% Year to DateQuarter to Date

 

24 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 Total shareholders' equity 4,090,577$ 4,082,127$ 4,076,028$ 4,016,701$ 3,917,678$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 48,317 51,430 54,824 58,703 62,582 Total tangible shareholders' equity 3,026,614$ 3,015,051$ 3,005,558$ 2,942,352$ 2,839,450$ Period end number of shares 67,106,587 67,320,298 68,022,316 68,587,742 68,711,043 Book value per share (period end) 60.96$ 60.64$ 59.92$ 58.56$ 57.02$ Tangible book value per share (period end) 45.10$ 44.79$ 44.18$ 42.90$ 41.32$ Total assets $ 28,488,843 $ 28,109,935 $ 27,515,879 $ 27,099,829 $ 26,680,153 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 48,317 51,430 54,824 58,703 62,582 Total tangible assets 27,424,880$ 27,042,859$ 26,445,409$ 26,025,480$ 25,601,925$ Equity to Assets 14.36% 14.52% 14.81% 14.82% 14.68% Tangible Common Equity to Tangible Assets 11.04% 11.15% 11.37% 11.31% 11.09% Quarter to Date

 

25 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Total shareholders' equity 2,966,451$ 3,197,400$ 3,426,747$ 3,751,522$ 4,076,028$ Less: Goodwill 1,012,620 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 125,938 106,194 87,949 70,761 54,824 Total tangible shareholders' equity 1,827,893$ 2,075,560$ 2,323,152$ 2,665,115$ 3,005,558$ Total assets $ 23,858,321 $ 25,053,286 $ 25,203,699 $ 26,262,050 $ 27,515,879 Less: Goodwill 1,012,620 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 125,938 106,194 87,949 70,761 54,824 Total tangible assets 22,719,763$ 23,931,446$ 24,100,104$ 25,175,643$ 26,445,409$ Equity to Assets 12.4% 12.8% 13.6% 14.3% 14.8% Tangible Common Equity to Tangible Assets 8.0% 8.7% 9.6% 10.6% 11.4%

 

26 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Net Income $ 376,913 $ 346,540 $ 269,105 $ 358,685 $ 412,154 Adjustment items Merger and conversion charges 4,206 1,212 - - - (Gain) loss on sale of MSR - (1,356) - (10,494) 660 (Gain) loss on securities (515) (203) 304 (12,304) (1,633) Servicing right impairment (recovery) (14,530) (21,824) - - 910 Gain on BOLI proceeds (603) (55) (486) (1,464) (621) FDIC special assessment - - 11,566 1,455 (1,454) Natural disaster expenses - 151 - 550 - Loss (gain) on bank premises 510 (45) (1,903) 1,203 - Tax effect of adjustment items (2,696) (5,640) 2,442 (4,800) (372) After tax adjustment items (13,628) (27,760) 11,923 (25,854) (2,510) Tax expense attributable to BOLI restructuring - - - 5,093 - Adjusted Net Income $ 363,285 $ 318,780 $ 281,028 $ 337,924 $ 409,644 Average assets 21,847,731 23,644,754 25,404,873 26,036,681 26,842,018 Return on average assets 1.73% 1.47% 1.06% 1.38% 1.54% Adjusted return on average assets 1.66% 1.35% 1.11% 1.30% 1.53% Average common equity 2,827,669 3,083,081 3,313,361 3,583,390 3,918,733 Average tangible common equity 1,826,433 1,947,222 2,200,883 2,488,588 2,840,493 Return on average common equity 13.33% 11.24% 8.12% 10.01% 10.52% Return on average tangible common equity 20.64% 17.80% 12.23% 14.41% 14.51% Adjusted return on average tangible common equity 19.89% 16.37% 12.77% 13.58% 14.42%

 

27 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Adjusted Noninterest Expense Total noninterest expense 560,124$ 560,655$ 578,281$ 607,794$ 603,950$ Adjustment items: Merger and conversion charges (4,206) (1,212) - - - FDIC special assessment - - (11,566) (1,455) 1,454 Natural disaster expenses - (151) - (550) - Gain on sale of premises (510) 45 1,903 (1,203) - Adjusted noninterest expense 555,408$ 559,337$ 568,618$ 604,586$ 605,404$ Adjusted Total Revenue Net interest income 655,327$ 801,026$ 835,044$ 849,190$ 936,923$ Noninterest income 365,544 284,424 242,828 293,257 271,035 Total revenue 1,020,871$ 1,085,450$ 1,077,872$ 1,142,447$ 1,207,958$ Adjustment items: (Gain) loss on securities (515) (203) 304 (12,304) (1,633) Gain on BOLI proceeds (603) (55) (486) (1,464) (621) (Gain) loss on sale of mortgage servicing rights - (1,356) - (10,494) 660 Servicing right impairment (recovery) (14,530) (21,824) - - 910 Adjusted total revenue 1,005,223$ 1,062,012$ 1,077,690$ 1,118,185$ 1,207,274$ Efficiency ratio 54.87% 51.65% 53.65% 53.20% 50.00% Adjusted efficiency ratio 55.25% 52.67% 52.76% 54.07% 50.15%

 

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